Selected Innovation Factors: An International Comparison

Lothar Funk and Axel Plünnecke
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Lothar Funk: University of Applied Sciences Düsseldorf
Axel Plünnecke: Institut der deutschen Wirtschaft

Chapter Chapter 8 in Innovation, Employment and Growth Policy Issues in the EU and the US, 2009, pp 153-171 from Springer

Abstract: Contrary to the post-war period where growth and catching-up with the United States could largely be achieved through accumulation of production factors and from assimilating existing technologies, once European countries had moved closer to the technology frontier, innovation has become the main engine of growth. In other words, the balance between imitation and innovation has shifted in favor of the second. At the heart of this ability to innovate lie all those factors that lead either to the introduction of new products (product innovation) or to the introduction of new production processes (process innovation).

Keywords: Human Capital; Gross Domestic Product; Venture Capital; OECD Country; Radical Innovation (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1007/978-3-642-00631-9_8

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